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DJ Synikus Makisimus

(1,438 posts)

5. Oil is a worldwide market. Domestic production will flow wherever

Reply to ashredux (Original post)

Sun Mar 1, 2026, 05:54 PM

Mar 1

it can fetch the highest price. There was an Obama-era Presidential decree that kept domestic production domestic, but that was one of the first things Trump put an end to in his first go-round, probably at the urging of Rex Tillerson and other extractive-industry buddies. Biden did not bring it back, which probably just would have led to its repeal again anyway.

I have no idea what's going to happen to oil prices when they start trading later today, but I expect a rise. If I had an internal-combustion vehicle, which I don't, I'd have filled it up yesterday when I first heard of bombs falling.

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NEOH amortus716

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Highlight:

I'm sure a few folks on here recall the 1970s long lines for gasoline.... Well, that's gonna make a comeback. [View all] ashredux Mar 1 OP

Doubt it Prairie Gates Mar 1 #1

We ain't seeing that oil to gasoline anytime soon ashredux Mar 1 #10

That Venezuela oil heist? We ain't seeing a drop or a dime from that. Initech Mar 2 #21

That's not going Greg_In_SF Mar 1 #2

Nah! We have an awesome ally with Canada! usedtobedemgurl Mar 1 #3

Remember it well. I think you could only buy gas livetohike Mar 1 #4

Yep. Odd and even days. miyazaki Mar 1 #6

I was just going to post that, Here in Pittsburgh area, it was the last digit of your license plate. debm55 Mar 1 #16

I'm glad someone else remembers it! There were such long livetohike Mar 1 #17

We got married in 1979 and married in June , 1979. We drove to Miami from Pittsburgh as I was afraid to fly in a plane. debm55 Mar 1 #18

Oil is a worldwide market. Domestic production will flow wherever DJ Synikus Makisimus Mar 1 #5

The world has changed too much since then. All we might see is rising prices FBaggins Mar 1 #7

My "Soros Brand Gas Pass" will get me right past those lines... ret5hd Mar 1 #8

Near Zero Chance Of That Happening ProfessorGAC Mar 1 #9

You Mean When Big Oil Conspired To Doom Jimmy Carter? ColoringFool Mar 1 #11

They started in 1973 before he was elected MichMan Mar 1 #12

That didn't happen during Desert Storm, the Iraq War or for more than a day or two after 9/11, so no, it's not going to WhiskeyGrinder Mar 1 #13

I remember Jimmy Carter (a great man)... gulliver Mar 1 #14

Perhaps in Russia and China but not here., RubyRose Mar 1 #15

my dad had an easy solution for those lines Skittles Mar 1 #19

Less then 10% of the oil the US imports comes from the ME Kaleva Mar 1 #20

More likely will see more nations... Xolodno Mar 2 #22

We had cut our own production to buy from the Middle East. Now we are the largest producer in the world. Melon Mar 2 #23

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